Canaan

Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first quarter even as the prices of bitcoin and other cryptocurrencies skyrocketed Demand for the company’s mining machines waned as a sharp drop in the amount of new bitcoin…

The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an…

Published 1 minute earlier on Crypto mining rig maker Canaan has raised over $50 million through preferred shares financing to enhance its research and development capabilities and expand production scale.The Nasdaq-listed company…

Bitcoin miners will remember 2021 as the year of the distribution of bitcoin mining operations in many countries which fled out of China, and Kazakhstan was one of the leading countries to allocate these bitcoin mining units. According…

Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s…

Bitcoin (BTC) mining hardware maker Canaan Inc is expanding its presence in Kazakhstan after signing new strategic partnerships with several crypto mining companies in the country. The Nasdaq-listed company said on Tuesday it had…